Anthony Bolton, Fidelity International's veteran stock picker, wowed investors during his 28 years at the group's flagship special situations fund by delivering an annualised return of 19.5 per cent.
Investors now wonder whether he can pull off the same trick in China after he shelved retirement plans and announced two days ago he was moving from London to Hong Kong to set up a China-focused fund.
Mr Bolton is entering treacherous waters. Few successful western investors have been tempted by China's markets and come out with reputations intact.
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